Taking Over Close Friends Loan

[Brian Reed]

Hello,

My friend is moving out of state and I am looking to purchase their home. They currently have a conventional mortgage at about $800 a month (3.25%). If they were to sell it on the market at a higher price and interest rate the numbers would not pencil out for me to rent it out. 

They do want to sell because they want to use the cash for their next home in the new state. Is there a way for me to take over their current mortgage with them still getting paid out? 

Thanks!